The Ministry of Finance eased tax requirements for owners of controlled foreign companies

Fixed payment for owners of said companies. inserted in October 2020. The law allows them to choose: pay 5 million rubles a year or declare profits and pay taxes on it: 13% or 15%. Amount must pay one owner, regardless of the number of foreign companies he controls.

In June 2024, the Ministry of Finance proposed paying 5 million rubles per year for each CFC. For example, if a taxpayer has two companies, he will have to pay 10 million, three – 15 million rubles.

Now the Ministry intends, if there are more than five such companies, to assume that the base for paying the tax will be approximately 120 million rubles. Taking into account the new progressive tax scale with rates from 13 to 22%, owners will have to pay 25 million rubles. All subsequent CFCs will be “free,” the publication notes.

The Federal Tax Service (FTS) is going to abandon personal income tax (NDFL) declarations, at least in relation to the main types of income currently declared. It is planned to transfer the calculation of personal income tax to the tax authorities for the following types of income:

• from the sale of real estate;
• from the assignment of claim rights under a construction-sharing participation contract;
• from the sale of vehicles;
• in the form of fixed profits of controlled foreign companies;
• when establishing the facts of termination of the contract for maintaining an individual investment account before the expiration of the minimum period.